What are the Assessors Responsibilities?
The township Assessor is charged with the task to uniformly assess properties at a median level of 33 1/3% (one third) of market value. Equitable assessments ensure a fair distribution of the property tax burden among all property owners. Local property taxes pay for such services as schools, villages, libraries, park districts, and fire protection districts. The Assessor has no control over the levies of taxing bodies or the tax rate.
Local Tax Rate is determined by the combined spending of all taxing districts, including the county, the forest preserve district, townships, community colleges, schools, villages, fire districts, libraries, parks, etc. Each government prepares a budget, requests the revenues needed, and submits the request to the county clerk. The county clerk calculates the tax rate based on their requests. The local tax rate is then applied against all property assessments in the district to produce the Property Tax Amount for each property.
Property taxes are determined by the budgets of your local taxing bodies. These local taxing bodies use property tax revenues to pay for the services rendered to the residents in their district. Tax bills are paid in 2 installments and are due June 1st and September 1st of every year.
Exemptions are a form of partial property tax relief. Each exemption type is designed to provide tax relief for a specific class of property owners. Eligibility requirements vary for each type of exemption. The amount of tax relief may also vary with each exemption type and property. A property owner may be eligible for more than one exemption type.
We are Here to Help
As always, should you have any questions regarding exemptions, or any other assessment questions please feel free to contact our office. We are here to help. You may also visit the Supervisor of Assessments website www.willcountysoa.com for forms and property info.